Integrated asset management services provider Connaught Plc (CNT.L) announced Tuesday preliminary results for the twelve months ended 31 August 2009, reporting an increase in profit helped by double-digit revenue growth across both business segments.
The UK-based group's pre-tax profit for the year ascended 23% year-over-year to GBP 26.7 million from GBP 21.7 million last year. Excluding amortisation of acquisition intangibles and exceptional items, pre-tax profit was GBP 42.5 million, a 39% growth over GBP 30.7 million in 2008.
Connaught's profit for the financial year attributable to equity shareholders grew to GBP 17.5 million from GBP 15.2 million a year ago. On a per-share basis, profit was up 34% year-over-year to 13.5 pence from 12.2 pence.
An exceptional charge relating to GBP 5.6 million fine imposed by the Office of Fair Trading was included in the 2009 accounts.
Revenue rose 19% to GBP 660 million from GBP 553 million, driven by strong organic growth of 17%. Segment-wise, Social Housing revenues grew 18% to GBP 528 million from GBP 447 million, and Compliance revenues surged 25% to GBP 132 million from GBP 106 million a year earlier. The group's operating profit, including amortisation of acquisition intangibles and exceptional items, for the latest fiscal was GBP 32.6 million, up 21% from GBP 26.9 million in 2008. During 2009 the impact of acquisition integration and economies of scale had improved operating margins to 15.5%, from 13.0% in 2008.
Connaught's Board proposed a final dividend of 2.07 pence per share, resulting in full-year total dividend of 3.16 pence per share, 18% higher than 2.68 pence total paid in 2008. The final dividend will be paid on 5 March 2010 to shareholders on record at 5 February 2010.
Order book contiued to grow during the year, and now stands at GBP 2.8 billion versus GBP 2.6 billion in 2008. This together with a healthy forward pipeline of GBP 4.0 billion, compared with GBP 3.6 billion in 2008, supports the long-term visibility of earnings, the company noted.
CNT.L is currently trading down0.09% at 426.50 pence, on the LSE.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.